Author: Admin
SpaceX raises prices for rocket launches and Starlink satellite internet as inflation hits raw materials
A Starlink logo of a satellite internet constellation being constructed by SpaceX is seen on a smartphone and a pc screen. Pavlo Gonchar | LightRocket | Getty Images WASHINGTON — SpaceX is raising prices across its products and services, including for rocket launches and Starlink satellite internet, citing “excessive levels of inflation.” The double-digit price […]
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Stocks making the biggest moves midday: GameStop, Adobe, General Mills and more
The General Mills logo is displayed on a box of Raisin Nut Bran cereal at Scotty’s Market on September 20, 2017 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Adobe — Shares for the computer software company tumbled 10% in midday […]
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ASML is the only company making the $200 million machines needed to print every advanced microchip. Here’s an inside look
In the southern Dutch town of Veldhoven, near the border with Belgium, sits the only factory capable of assembling a revolutionary machine that’s relied upon by the world’s biggest chipmakers. EUV lithography is the most expensive step in making the advanced microchips that power data centers, cars and iPhones. The machines are made by only […]
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Adobe shares plunge 10% after Russia’s invasion of Ukraine leads to reduced sales forecast
Shantanu Narayen, Adobe Systems Kim Kulish | Corbis | Getty Images Adobe shares fell about 10% Wednesday after the software company lowered estimates for the fiscal year to account for the impact of halting sales in Russia. Adobe said on March 4, the first day of the quarter, that it was stopping new sales in […]
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Intel CEO says semiconductors are like oil — making more in U.S. can avoid global crises
Intel CEO Pat Gelsinger on Wednesday likened semiconductors to oil, suggesting that computer chips will play a central role in international relations in the decades ahead. “Oil reserves have defined geopolitics for the last five decades. Where the fabs [factories] are for a digital future is more important,” Gelsinger said in an interview on CNBC’s […]
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Petco CEO says company’s growth is inflation-proof, as Americans splurge on pets and bigger homes
A customer exits a Petco store in Clark, New Jersey. Ron Antonelli | Bloomberg | Getty Images Petco CEO Ron Coughlin on Wednesday said the specialty retailer has a key advantage in an uncertain environment: Americans spend on pets, even when their budgets tighten. At an investor day in New York City, he said the […]
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Russia’s invasion of Ukraine provides ‘greater focus’ for NATO troops in the Baltics
TAPA, ESTONIA – French soldiers in Tapa military base. Fred Marie/art In All Of Us | Corbis News | Getty Images TAPA, Estonia — Just 70 miles away from the Russian border and an hour’s drive west of Estonia’s capital, thousands of NATO troops are on alert in case President Vladimir Putin decides to attack. […]
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Apple now lets you load your driver’s license on your iPhone in Arizona
Apple iOS 15 will support storing a driver’s license in Apple Wallet. Apple IPhone owners in Arizona can now load their driver’s licenses or state ID into their iPhone’s wallet app, Apple announced on Wednesday. The digital ID will allow holders to pass through TSA checkpoints in Sky Harbor International Airport, in Arizona. The digital […]
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NATO leaders set to OK ‘major increases’ of troops in response to Putin’s war on Ukraine
NATO Secretary General Jens Stoltenberg addresses a press conference at NATO Headquarters in Brussels on March 23, 2022. Thomas Coex | AFP | Getty Images NATO Secretary-General Jens Stoltenberg said Wednesday the alliance is likely to bolster troops along its eastern flank, deploying four new battle groups in Bulgaria, Hungary, Romania, Slovakia. “I expect leaders […]
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One of Putin’s top aides quits, reportedly in opposition to the Ukraine war
Russian President Vladimir Putin seen with Anatoly Chubais, who has reportedly quit as Russia’s climate envoy, in 2016. Mikhail Svetlov | Getty Images News | Getty Images A high-ranking and long-standing aide of Russian President Vladimir Putin has quit his role as Moscow’s climate envoy due to his opposition to Russia’s invasion of Ukraine. Earlier […]
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